The US wants WTO to look into international trade dispute
The US and China want the World Trade Organization to address the case of increased customs tariffs.
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The US and China want the World Trade Organization to address the case of increased customs tariffs.
Trump's foreign policy and trade wars with Iran and China have led to oil flows shifting across the globe. Increased US output also has an effect.
US President Donald Trump repeated his attacks on OPEC, claiming the cartel is forcing up oil prices, and he called on some members to start paying the US for military protection.
Oven på et lille fald i brentpriserne tirsdag ligger oliepriserne stabilt onsdag morgen. Præsident Trump beskylder Opec for at "snyde" resten af verden.
If the trade war between the US and China escalates, it will likely lead to less traffic going through the Panama Canal, warns the canal's administrator.
US President Donald Trump will likely already Monday take a new step in the trade dispute with China by placing tariffs on almost all of the US' annual import of goods from China.
Germany, France and the UK are allegedly working on a solution that will enable European companies to do business in Iran without being affected by the US sanctions effective from this autumn.
In an interview, Trump threatens to pull the US from WTO, at the same time he rejects the EU's tariff proposal.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.
This week, the US will implement several sanctions against Iran which had previously been suspended under the nuclear accord.
New talks are allegedly underway between the US and China in an effort to avert a full-blown trade war, sources familiar with the efforts say.
Representatives from the EU, Canada, Mexico, Japan and South Korea meet in Geneva on Tuesday to coordinate a counter-response to what could be the joker in Trump's tariff war – namely tariffs on the import of cars.
ANALYSIS: If one looks closer at what the US and EU actually promised, there are hardly any changes to the status quo. Watch Medier's EU correspondent dissects this week's deal and what it actually entails.
Iran will respond with equal countermeasures if the US makes good on its threat to block the country's oil exports, reports Reuters.
According to CNBC, the US president is prepared to impose extra tariffs on Chinese goods, totalling USD 500 billion, if the need arises.
Maersk could struggle to turn a profit this year as China and the US descend into a trade war that will likely hurt the world's biggest liner shipping company.
The US is preparing to release a list of an additional USD 200 billion worth of Chinese products to be hit with tariffs. The list could be published as soon as this week.
The US has imposed tariffs on USD 34 billion of Chinese imports. China says it will be forced to retaliate.
The oil price maintained its momentum despite Saudi Arabia's pledge to boost its output. US President Donald Trump responded with an angry tweet.
US President Donald Trump says he is working to save industrial jobs in the country, reduce China's trade surplus with the US and to hit back at what he describes as decades of intellectual property theft by Chinese businesses – and he is relying on the rationale that trade impacts national security.
As Saudi Arabia pumps more oil before its customers get burned, prices have increased. And US President Donald Trump is not happy, tweeting on Saturday that the Saudi king had agreed to boost the country's oil output to cut costs for consumers.
The US wants its allies to stop all imports of Iranian oil by its Nov. 4 deadline. The announcement sent oil prices surging on expectations the move will tighten energy markets more than expected.
A little uncertainty is not a bad thing for the dry bulk market, which is otherwise bubbling with optimism after a series of tough years. As such, several shipowners are not worried about a looming trade war.
The US's individualist trade policy will ultimately harm the country's own workers and farmers, says Chinese spokesperson at a press conference. China will take action to defend its own interests.
The EU retaliates against US metal tariffs with 25 percent duty on EUR 2.8 billion worth of imports of US-made products.
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